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and well thirty nine other economies at least and as an expression of how he feels about it they're very unhappy with that we had that so we have type of reaction there from the russian. i mean i've if you can take us bank for a bit if you will because it's been what almost a year in the making that cyprus are bailed out how it was it was nine months ago that cyprus asked for a bailout they asked for seventeen billion euro which is about one hundred percent of g.d.p. . there was a general election so it was during that time a couple of delays at the russian. russia refused to get involved the eurozone wanted to wanted to. foist the cyprus problem on to russia russia said it was eurozone problem anyhow what happened eventually was that we came down to the wire as usual as is the case with pretty much every euro group decision it becomes more of a debacle than a. decision at all five am this morning they come up with ten billion in. bailout which is which is short seven billion less than. last second a last second supposed gesture of being saved but it's massively short of what they'r
and well thirty nine other economies at least and as an expression of how he feels about it they're very unhappy with that we had that so we have type of reaction there from the russian. i mean i've if you can take us bank for a bit if you will because it's been what almost a year in the making that cyprus are bailed out how it was it was nine months ago that cyprus asked for a bailout they asked for seventeen billion euro which is about one hundred percent of g.d.p. . there was a general...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to the report. hello and welcome to crossfire for all things are considered i'm peter lavelle almost twenty years after the genocide some claim that the wanted is not only on the mend now but also could be considered a development model for other african countries to follow what accounts for rwanda's turnaround is it due to good governance or is it because of western foreign aid aid some say is given because of a guilty conscience. to discuss the situation in rwanda i'm joined by three baltic in nairobi he is a novelist filmmaker and an investigative journalist in washington we have anthony kim he is a senior policy analyst at the center for. international trade and economics and in london we cross to michael amoa he is an expert on africa at the london school of economics ok anthony if i could go to you first how would you describe the situation in rwanda because there's a lot of positive news coming out but there's a lot of political news th
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to the report. hello and welcome to crossfire for all things are considered i'm peter lavelle almost twenty years after the genocide some claim that the wanted is not only on the mend now but also could be considered a development model for other african countries to follow what accounts for rwanda's turnaround is it due to good governance or is it...
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and fearfulness a professor of political economy at the university of nicosia believes there would be repercussions to the cypriot nation if it complied with the strict but you know terms. there is a political willingness by the government to reach an agreement for the bailout. with the troika but it seems that they're making it more and more difficult with you in new demands they fear that exists is that in case that all demands of the trade got accepted i mean it would be very difficult for these under one of these agreement to be viable in the sense that if we throw the country impeach he's going to prevail and the huge recession and they reach a circle and it will be extremely difficult if not impossible to get out of it this is unprecedented cyprus lost twenty five percent of its g.d.p. almost two years ago when there was the kid a couple of the greek dead and there has been no compensation for that if these ideas of being discussed are implemented there will be another here occurred over the cyprus g.d.p. which will be around forty percent it would be impossible i think to get o
and fearfulness a professor of political economy at the university of nicosia believes there would be repercussions to the cypriot nation if it complied with the strict but you know terms. there is a political willingness by the government to reach an agreement for the bailout. with the troika but it seems that they're making it more and more difficult with you in new demands they fear that exists is that in case that all demands of the trade got accepted i mean it would be very difficult for...
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find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune in to kaiser report. when their own country town to offer them a living even loving mothers sometimes have to leave their children behind. i don't like to wonder just a bit longer. if the dream of millions of migrants that then children might choose their own model and. i was. stunned. oh my room is. i want my children to win over moscow. russia.
find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune in to kaiser report. when their own country town to offer them a living even loving mothers sometimes have to leave their children behind. i don't like to wonder just a bit longer. if the dream of millions of migrants that then children might choose their own model and. i was. stunned. oh my room is. i want my children to win over moscow. russia.
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the hardships of the small cyprus economy part of the much bigger crisis. we're talking. one five million people but in reality this is a problem which has not been addressed since two thousand and seven two thousand and eight and previous to that with the issuance of huge amounts of debt into the system and in the united states. the only recourse which exists is to tap the remaining collateral in the system which is the saving sooner or later if you keep on stealing savings you're going to have asked it something which is relevant in a country. people. say in france. they are not strong financially. i mean. countries being the test to see whether savings can be stolen. it's. still. made his four chain after the breakup of the soviet union a hugely controversial character now we've heard in an interview that with a party given by mr brzezinski his latest friday the day before he died in a conversation with a journalist he talked of his longing to return home to russia and we've also heard from the russian president's press attash a he said that two months ago a the presid
the hardships of the small cyprus economy part of the much bigger crisis. we're talking. one five million people but in reality this is a problem which has not been addressed since two thousand and seven two thousand and eight and previous to that with the issuance of huge amounts of debt into the system and in the united states. the only recourse which exists is to tap the remaining collateral in the system which is the saving sooner or later if you keep on stealing savings you're going to...
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multinationals to productize economy and of course to great with hezbollah to break with iran will be lunacy and madness for political president assad's forces to use chemical weapons and so if you know we've heard that chemical weapons has been used it has to be by the rebels and if that's the case then obviously that will highlight the hypocrisy of the u.s. and the west because they said let it be a red line that chemical weapons are used but only seems to apply if president assad's forces use them the syrian army and so we've got to be consistent on these chemical weapons to use them it's wrong and the rebels are using a should be indicted for war crimes to a small clock there let's discuss the latest events in syria with r.t. contributor afshin rattansi joining someone from london even to see him so first he's been elected head of the opposition coalition in syria as we've been mentioning how will the various rebel groups react to him do you think. even the free syrian army his own spokespeople are questioning the authority of this guy who won by three votes in there is stand all
multinationals to productize economy and of course to great with hezbollah to break with iran will be lunacy and madness for political president assad's forces to use chemical weapons and so if you know we've heard that chemical weapons has been used it has to be by the rebels and if that's the case then obviously that will highlight the hypocrisy of the u.s. and the west because they said let it be a red line that chemical weapons are used but only seems to apply if president assad's forces...
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it's actually raised hopes that attention can move towards some kind of recovery for the small island economy however let's see what kind of repercussions the deal may have for the rest of europe i suppose a worst case scenario here nervous investors fear that a president ultimately could pull their money from banks in other countries also the issue that say was could just cause a run on the banks in cyprus feeding their money is safe in their own hands than perhaps digitised up in some banking system or if they do pull out their money that's going to hit the capital the banks need to hold and could ultimately trigger another world scale credit freeze was certainly none of this is helping the e.u.'s public reputation talk about mounting euros skepticism at the moment sixty seven percent of cypriots want to leave the block financial adviser warren told us that the hardships of the small cyprus economy are actually part of the much bigger crisis. we're talking. one five million people but in reality this is a problem which has not been addressed since two thousand and seven two thousand and eig
it's actually raised hopes that attention can move towards some kind of recovery for the small island economy however let's see what kind of repercussions the deal may have for the rest of europe i suppose a worst case scenario here nervous investors fear that a president ultimately could pull their money from banks in other countries also the issue that say was could just cause a run on the banks in cyprus feeding their money is safe in their own hands than perhaps digitised up in some banking...
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to give the shares in state institutions bear off lot of eccentric cetera and he did it he gave the economy away so he would over a very little had no power and because off he was at the top of the hill so this is how he generated his wealth ok he didn't earn it but now you talk about a wealthy man you met him and there's yes. arrogant he was full of themself ok but a lot of security around him enormous amount of security he was paranoid for good reason there were attempts on his life and he left because he was worried for his life ok he took his money with him or at least a good part of it is called a self-imposed exile in learned it was what i saw it as sleep it was an escape he left he was he would have been charged with all kinds of criminal offenses all the reservation self-preservation not going to get out of and then revenge ok what about what about one of the you know one of the high profile cases was. been named the polonium poisoning worked for bettors of skin so litvinenko worked with me in what capacity to look for dirt to look for dirt on politicians on college and yes of cours
to give the shares in state institutions bear off lot of eccentric cetera and he did it he gave the economy away so he would over a very little had no power and because off he was at the top of the hill so this is how he generated his wealth ok he didn't earn it but now you talk about a wealthy man you met him and there's yes. arrogant he was full of themself ok but a lot of security around him enormous amount of security he was paranoid for good reason there were attempts on his life and he...
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the country's second largest bank it's the economy. a couple thousand people are going to lose their jobs here. and since the since the first. flight from cyprus hasn't. frankfurter allgemeine zeitung is reporting this is despite the euro group putting a freeze let's not underestimate this they froze the entire retail banking sector of the country for a week. given to fingers by local law makers i mean at the same time i were hearing this phrase or that of a casino capitalism being thrown about what do you make of that yeah yeah well let's get back to from moscow perspective very quickly the prime minister dmitry medvedev said this morning that he felt that the europeans were stealing what has already been stolen i think that's a reference to cyprus is off shore status the casino capitalism line is a line that french foreign minister for example trotted out this morning i think it's a line they're using to justify what it is what it is that they're doing and let's not forget that this is not the kind of term they were using when they i
the country's second largest bank it's the economy. a couple thousand people are going to lose their jobs here. and since the since the first. flight from cyprus hasn't. frankfurter allgemeine zeitung is reporting this is despite the euro group putting a freeze let's not underestimate this they froze the entire retail banking sector of the country for a week. given to fingers by local law makers i mean at the same time i were hearing this phrase or that of a casino capitalism being thrown about...
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looking at a few tweets earlier and some analysts are saying this actually despite being a very small economy and cyprus but what could happen tonight could actually be the end of the eurozone as we know is that just a big saturating or not i don't really think it's exaggerated you know because i think the really crazy thing playing by the dominant kind of logics things that happen which is. you know the system of trust has been there when there's even a plan even though most people savings are going to be this is you know the cornerstone of which in a couple of system is based you know that once once you have money in the bank that that trust the media has trusted you and your money back and even if is the most efficient service agreements are going to be. kind of you know good. you know all hell is going to break loose and it's very interesting here thought thank you very much for joining us live here naughty and on as broad as political analyst thank you thank you. british police say there's no evidence of any third party involvement in the death of self exiled russian tycoon and vocal kre
looking at a few tweets earlier and some analysts are saying this actually despite being a very small economy and cyprus but what could happen tonight could actually be the end of the eurozone as we know is that just a big saturating or not i don't really think it's exaggerated you know because i think the really crazy thing playing by the dominant kind of logics things that happen which is. you know the system of trust has been there when there's even a plan even though most people savings are...
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the political parties are absolutely bereft of ideas for solving the problems the level of the real economy and the turn to a very very easy scapegoat which is migrants who really are not responsible for any of the shortages housing or for crappy health care that we all experience in britain and i think turning the tables on them and forcing politicians to have a serious discussion with us about the real problems is where we need to head. for the moment with a new team with more for you in about half an hour from now in the meantime we've got the latest business we have katie joining us here in the studio and katie cyprus of course it's dominating all day here on the news desk the bailout of course is your impact on russians most definitely actually can tell you the markets down today and it's because of the situation inside present in the business but a ten we concentrate on the relationship with russia we have experts analysis coming out bell after the break. oh since the new pope was chosen the calls for reform are analysts everyone wants the new pope to allow this and to allow that but
the political parties are absolutely bereft of ideas for solving the problems the level of the real economy and the turn to a very very easy scapegoat which is migrants who really are not responsible for any of the shortages housing or for crappy health care that we all experience in britain and i think turning the tables on them and forcing politicians to have a serious discussion with us about the real problems is where we need to head. for the moment with a new team with more for you in...
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economy i still peoples money that have global do a. good thing.
economy i still peoples money that have global do a. good thing.
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multinationals productize economy and of course to a great read has a lot to break there are no we say we keep saying rebels but really is there a mix of moderates to al-qaeda link exam is again can you hear them together you know is there is a simple answer to that because what we as we say what we call the rebels are very wide ranging group of people from radical islamists al-qaeda groups to moderate islamists to people who are very very anti american to be very pro-american and he's got an impossible task and the and the biggest bomb he's got is of course that the rebels don't have majority support in syria they don't this is that the this is why this conflict is still going on because it present assad was an unpopular as the u.s. would like us to believe in britain like instability then present as i would have gone by now the fact is is that he does have sizable support in the country people in syria look at the rebels and say no sags we don't want these people they're very good by the beacon of what we're going to get we going to get radical islam we're going to get who knows what
multinationals productize economy and of course to a great read has a lot to break there are no we say we keep saying rebels but really is there a mix of moderates to al-qaeda link exam is again can you hear them together you know is there is a simple answer to that because what we as we say what we call the rebels are very wide ranging group of people from radical islamists al-qaeda groups to moderate islamists to people who are very very anti american to be very pro-american and he's got an...
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block by actual advisor warren pollack tells us the hardships of small cyprus is economy are part of a much bigger crisis. we're talking now about cyprus which has one point one five million people but in reality this is a global problem which has not been addressed since two thousand and seven two thousand and eight and previous to that with the issuance of huge amounts of debt and into the system both year and in the united states and when that dead goes bad the only recourse which exists is to tap the remaining collateral in the system which is the saving sooner or later if you keep on sort of stealing savings you're going to have popular unrest it's something which is relevant in a country that is one point one five million people but when you start to see unrest let's say in france where they are not as strong financially as well as germany i mean we can stephanie see the small countries being the test to see whether savings can be stolen on a wider scale. the rescue package coming at a high cost for cyprus that struggle to keep its tax haven status president even threatened to
block by actual advisor warren pollack tells us the hardships of small cyprus is economy are part of a much bigger crisis. we're talking now about cyprus which has one point one five million people but in reality this is a global problem which has not been addressed since two thousand and seven two thousand and eight and previous to that with the issuance of huge amounts of debt and into the system both year and in the united states and when that dead goes bad the only recourse which exists is...
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why don't what's really happening to the global economy with. for a no holds barred look at the global financial headlines tune into kinds a report on r t. on the road to bass for this morning the u.s. army is beginning to withdraw from iraq. in december twentieth after nine years of occupation the last american troops are finally leaving the country. every guy got in about it and i do have a little bit of the iraqis anger towards the departing invaders who once dreamed of being liberators their departure resembles abandonment and escape despite the optimistic speeches. cease. april twenty twelve and i'm back in iraq in soho on the border with turkey. i have an appointment this morning with a lebanese taxi.
why don't what's really happening to the global economy with. for a no holds barred look at the global financial headlines tune into kinds a report on r t. on the road to bass for this morning the u.s. army is beginning to withdraw from iraq. in december twentieth after nine years of occupation the last american troops are finally leaving the country. every guy got in about it and i do have a little bit of the iraqis anger towards the departing invaders who once dreamed of being liberators...
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political analysts i'm the damage to the cypriot economy is already done regardless of what the government and the finance ministers decide. this is exactly the same government that we're talking about that had accepted only a few days ago a catastrophic plan that was dictated by the euro group who were negotiating only be only for it to be rejected by this it pretty parliament so why would anyone believe them this time around the country if you know a way of getting out of this mess by this point to be honest or at least in the medium or even the short and i don't think there's any sustainable way way out as you may have read already as you may already know the world bank as well as you warned. that risk for a contagion of us a good price is another thing that's so i guess the risk of thing that's becoming more and more a very strong possibility and almost a certainty it doesn't really matter whether whether these actually whether measures are implemented or not and whether that trading haircut is fifteen or twenty to twenty five percent which is pretty much the subject of a discussion of
political analysts i'm the damage to the cypriot economy is already done regardless of what the government and the finance ministers decide. this is exactly the same government that we're talking about that had accepted only a few days ago a catastrophic plan that was dictated by the euro group who were negotiating only be only for it to be rejected by this it pretty parliament so why would anyone believe them this time around the country if you know a way of getting out of this mess by this...
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that the island will avoid a default the euro group has signed off on the rescue plan for the ailing economy and let's now get the details from these tests are c.b.s. tests are very nice to see you so it looks like the laws each deal has finally been struck or does it apply. we're. really going to last minute. trying to meet a twenty fifth of march deadline to start. cutting our liquidity right now and leave us details we have. will be a restructuring of the country's largest bank you are. going to happen is going to be having a. bad bank so first of all. the one hundred thousand euros will be protected and a move to transfer to the bank of cyprus that is the largest lender of the country right. above one hundred thousand euros taking a last load will be quite a substantial last obo you have to root for that actual percentage. right now. because of the orders a class. has. a share of the spline now remember only an effort to get ten billion euro bailout from of the e.u. so in fact we are going to be getting it to avoid bankruptcy. really are fed up for the past a week now. on sunday but the
that the island will avoid a default the euro group has signed off on the rescue plan for the ailing economy and let's now get the details from these tests are c.b.s. tests are very nice to see you so it looks like the laws each deal has finally been struck or does it apply. we're. really going to last minute. trying to meet a twenty fifth of march deadline to start. cutting our liquidity right now and leave us details we have. will be a restructuring of the country's largest bank you are....
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so being a has inherited the world's second largest national economy and will try to keep the eggs in power house growing and over sinful costs look promising a report from pricewaterhouse coopers predicts that china will catch up with the u.s. by twenty seventeen before surging ahead so the new leadership has also promised to invest heavily in building up the country's defense capabilities this comes amid america's growing military expansion in asia pacific and u.s. efforts to gain a stronger foothold in the struggle to regional influence has been causing concern in beijing just days ago the pentagon announced a decision to put fourteen more missile interceptors along america's west coast and deploy a raid tracking station in japan they say it's in response to north korean nuclear threat in the meantime china's priority is economic growth robin military expansion that's according to also and journalist martin jacques relations with the united states have steadily be getting more complicated and i think the reason for that is because before you know china was very much still a develop
so being a has inherited the world's second largest national economy and will try to keep the eggs in power house growing and over sinful costs look promising a report from pricewaterhouse coopers predicts that china will catch up with the u.s. by twenty seventeen before surging ahead so the new leadership has also promised to invest heavily in building up the country's defense capabilities this comes amid america's growing military expansion in asia pacific and u.s. efforts to gain a stronger...
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is only there to help the world economy is not to compete with the western states and organizations what do you make of that what i think the brics is still a relatively unformed entity it's not entirely clear to me what it's actually going to do at the moment it seems to be a grouping of up and coming powers that sort of meet regularly and agree on certain things however another things i think they probably disagree as well and also we're dealing with five countries here they're very different stages of this sort of development path rafał upon two g. co-founder of the young china watchers professional network thank you so much for your time and being an i.t. thank. you to russia and china has been growing steadily in recent years an artist kitty pilgrim has more details on the numbers and the types of deals being struck. just to give you an idea as to how much money can be made trade is forecast to exceed one hundred billion dollars in it fifteen after already growing over ten percent last year now by twenty twenty we could be looking at two hundred billion dollars trade. a lot of
is only there to help the world economy is not to compete with the western states and organizations what do you make of that what i think the brics is still a relatively unformed entity it's not entirely clear to me what it's actually going to do at the moment it seems to be a grouping of up and coming powers that sort of meet regularly and agree on certain things however another things i think they probably disagree as well and also we're dealing with five countries here they're very different...
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find out what's really happening to the global economy with mike's culture the no holds barred look at the global financial headlines tune into cars a report. hello welcome back a top u.s. general says the hunger strike among guantanamo bay prison the shows their frustration with the government's failure to close the facility rejecting reports over mistreatment and the desecration of the koran the number of participants acknowledged by the pentagon has now risen to twenty five with detainees lawyers maintaining it's more than one hundred r.t.s. can each again brings us the latest. what we see here is a small protest in front of the white house one told him all has been out of the media spotlight for a while now you don't see much coverage on major u.s. news channels even with the hunger strike going on there right now so these people are trying to draw attention to the detainees more than fifty lawyers representing the president sent a letter to defense secretary chuck hagel urging him to help her they said the participants health had deteriorated alarmingly and some had lost more than
find out what's really happening to the global economy with mike's culture the no holds barred look at the global financial headlines tune into cars a report. hello welcome back a top u.s. general says the hunger strike among guantanamo bay prison the shows their frustration with the government's failure to close the facility rejecting reports over mistreatment and the desecration of the koran the number of participants acknowledged by the pentagon has now risen to twenty five with detainees...
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the ten billion euros in early may the euro group has signed off on the rescue plan for the ailing economy which apply is a restructuring of cyprus is the second largest bank and to have a levy on larger deposit holders. cities house. it's really been a last minute effort here trying to meet but monday twenty fifth of march deadline aside by the european central bank and cutting up liquidity there will be a restructuring of the country's second largest bank here we. know what's going to happen is they're going to be having to create. a bad bank so first of all. so the one hundred thousand euros will be protected and a move to transfer to the bank of cyprus that is the largest lender of the country well. above one hundred thousand euros will be taking a last. night after the sun some day but the essential bank impose a limit that people can take from a.t.m.'s there was a one hundred you will remember so we can see the cash. problem still being felt here the ground up people are still really really frustrated and really anxious of what's going to be happening over the senior staff and family
the ten billion euros in early may the euro group has signed off on the rescue plan for the ailing economy which apply is a restructuring of cyprus is the second largest bank and to have a levy on larger deposit holders. cities house. it's really been a last minute effort here trying to meet but monday twenty fifth of march deadline aside by the european central bank and cutting up liquidity there will be a restructuring of the country's second largest bank here we. know what's going to happen...
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find out what's really happening to the global economy with my next concert for a no holds barred look at the global financial headlines tune into kinds a report on our. been living these ways since two seventeenth century. rituals and strict. their communities on the silly to. the clearly distinguish between their own and the alien. and guard their family and things in the trash. led mission free credit cation free in-store chargers free to make amends three. three. three lift the old free blog video for your media project a free media. live. right now i'd like to explore another aspect of the iraq war in light of the tenth anniversary of the plight of war veterans and a veteran suicides has now a number of the deaths in combat with one happening at a rate every sixty five minutes needless to say the suffering of u.s. soldiers goes far beyond the battlefield which is why i want to highlight iraq war veteran thomas young in a scathing letter addressed to bush and cheney young leaves for their day of reckoning as he lies on his deathbed he writes quote before my own death i want to make
find out what's really happening to the global economy with my next concert for a no holds barred look at the global financial headlines tune into kinds a report on our. been living these ways since two seventeenth century. rituals and strict. their communities on the silly to. the clearly distinguish between their own and the alien. and guard their family and things in the trash. led mission free credit cation free in-store chargers free to make amends three. three. three lift the old free...
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regulations analysts are saying that the bailout loan itself would not completely rescue the cypriot economy because it's much more money will be needed to rescue this situation and you can see it will have to find the money elsewhere and certainly this remains a big question where it could find the money apart from that certainly there's a certain political wrangling happening between brussels and you could see it with the head of the cypriot parliament saying that they will vote on the turn its of blood. without considering the limitations and regulations of the european union and at the same science angle america stressed that i quote cyprus must behave accordingly with the european union regulations and must not test the boundaries of the troika patience and of quote so definitely this is a roller coaster ride and as it stands cyprus may be plunging into a default unless any kind of common language and compromise is found anytime soon. chris says mrs an m.p. from the left a new forces party says if the e.u. pressure which is force in cyprus to turn to russia for help. it was the mentalit
regulations analysts are saying that the bailout loan itself would not completely rescue the cypriot economy because it's much more money will be needed to rescue this situation and you can see it will have to find the money elsewhere and certainly this remains a big question where it could find the money apart from that certainly there's a certain political wrangling happening between brussels and you could see it with the head of the cypriot parliament saying that they will vote on the turn...
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multinationals to productize economy and of course to great with hezbollah to break with iran would be lunacy and madness for political president assad's forces to use chemical weapons and so if you know we've heard that chemical weapons has been used it has to be by the rebels and if that's the case then obviously that will highlight the hypocrisy of the u.s. and the west because they said that the red line the chemical weapons are only seems to apply if president assad's forces use them the syrian army and so we've got to be consistent on his chemical weapons to use them it's wrong and if the rebels are using a should be conducted a war crimes. we've got more analysis on the cyprus later in the program also to a new coalition government for israel after weeks of intense negotiations that what experts think could be short lived as baby's powers of persuasion bishes new political bedfellows look for the limelight that story much more still ahead for you this out. taking the model to extremes the use give insight personal tomato meter for savers to save banks or go bankrupt live picture
multinationals to productize economy and of course to great with hezbollah to break with iran would be lunacy and madness for political president assad's forces to use chemical weapons and so if you know we've heard that chemical weapons has been used it has to be by the rebels and if that's the case then obviously that will highlight the hypocrisy of the u.s. and the west because they said that the red line the chemical weapons are only seems to apply if president assad's forces use them the...
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manipulator ok he used the system what was happening in russia the political system in collapse the economy had collapsed belief in authority had collapsed everything it was in collapse so he picked up pieces all the all over the place where he was he didn't generate wealth he store wealth let's be clear about what they can you can you talk about in the end because you and i were talking off air about the the rule of seven of bankers that came out of this is where the term came in i think was better software that invented it essentially that in one thousand nine hundred six a small number of people in the community enormous wealth but they wanted more and they said to yeltsin we'll get you reelected but you have to give the shares in state institutions and bear off lot of eccentric cetera and he did it he gave the economy away so he would over a very little had no power and because after he was at the top of the pool so this is how he generated his wealth he didn't earn it but now you talk about a wealthy man you met him and there's yes. oh i'm arrogant he was full of themself ok but a lot
manipulator ok he used the system what was happening in russia the political system in collapse the economy had collapsed belief in authority had collapsed everything it was in collapse so he picked up pieces all the all over the place where he was he didn't generate wealth he store wealth let's be clear about what they can you can you talk about in the end because you and i were talking off air about the the rule of seven of bankers that came out of this is where the term came in i think was...
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economy. jamie diamond i'm going to destroy your life forms can grow up to ten feet in this case jamie diamond i think it's only about i think it's. you know buffett's way there's a tape worm. farms also from this genetic decoding of their d.n.a. they found that they're actually remarkably similar to a cancer so again that's a very apt comparison to make jamie dimon to the tapeworm absolutely you know that was a gift to him bear stearns and he's been marauding his way through the too big to fail landscape becoming even bigger to bigger to fail even less bigger big big in eric holder and shaking interest desk it's disgusting we're going to move on to this next headline because it talks exactly about that how too big to jail has become and his influence over the political class leaman creditors can question london whale says judge a bankruptcy judge gave creditors of lehman brothers the green light to subpoena former j.p. morgan trader bruno extolled the so-called london whale in an eight point
economy. jamie diamond i'm going to destroy your life forms can grow up to ten feet in this case jamie diamond i think it's only about i think it's. you know buffett's way there's a tape worm. farms also from this genetic decoding of their d.n.a. they found that they're actually remarkably similar to a cancer so again that's a very apt comparison to make jamie dimon to the tapeworm absolutely you know that was a gift to him bear stearns and he's been marauding his way through the too big to...
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the interest rate policy is our bank fast by another name but that didn't get the economy stimulated the way they wanted it to but these steps are still there that were incurred by the banks who took all the money so now they're just going to give up all pretense of enacting a policy and they're just going to reach in and steal your money. and let's see what has. happened in the u.k. which has had rather call quantitative easing and we've talked often to save our savers simon rose well he's got actual he's broken down the exact number the exact pounds that have been stolen from pensioners and savers for years of savers propping up the banks and subsidizing debt save our savers is calculated that the total cost to savers in the four years since march two thousand and nine is two hundred twenty point four billion pounds max that's on a total savings in the u.k. of one point one trillion pounds so he's to basically half of it is because of inflation and half of it is because of reduced interest on the savings account very well even the bank of england released figures six months ago the
the interest rate policy is our bank fast by another name but that didn't get the economy stimulated the way they wanted it to but these steps are still there that were incurred by the banks who took all the money so now they're just going to give up all pretense of enacting a policy and they're just going to reach in and steal your money. and let's see what has. happened in the u.k. which has had rather call quantitative easing and we've talked often to save our savers simon rose well he's got...
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two pounds from interest income that would have gone in these pensioners accounts and spent in the economy so it's a form of financial suicide and there was as a result there was no growth so now they're just going to reach in and steal your money was shocking to me so there are still people in the media who are trying to rationalize this and justify this claim that it's something other than just state sanctified of theft so member saver saver says two hundred twenty point four billion pounds of one point one trillion that's almost twenty percent folks so where is that up where where are the people storming you know the prime minister all power how if interest rates are five percent in the u.k. adventurous rates are five percent of the united states the amount of money that would be circulating in the economy not sitting on corporate balance sheets like apple is projected to now one hundred seventy billion in cash in a balance sheet the next two years if interest rates are at normal rates to reflect the normal historical trends the economy would be in a growth the g.d.p. would be expanding
two pounds from interest income that would have gone in these pensioners accounts and spent in the economy so it's a form of financial suicide and there was as a result there was no growth so now they're just going to reach in and steal your money was shocking to me so there are still people in the media who are trying to rationalize this and justify this claim that it's something other than just state sanctified of theft so member saver saver says two hundred twenty point four billion pounds...
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find out what's really happening to the global economy. for a no holds barred look at the global financial headlines tune into kinds a report. we're old believe us we're not supposed to be public people we'd rather not be filmed or shown on television we're supposed to live a quiet life and keep distant from worldly masses that's what we need if we're to keep our traditions we be glad not to be disturbed too much for. being with a living to shave. in the world with no yelling you'll be. able to get it. this. is a. game. yet . this is a small community of orthodox traditionalists returned to russia just over a year ago their ancestors emigrated to let in america in the one nine hundred forty s. coming back to their homeland has been their cherished dream ever since. i was like. this. could have been a morning class sent down. but this year will have been joined.
find out what's really happening to the global economy. for a no holds barred look at the global financial headlines tune into kinds a report. we're old believe us we're not supposed to be public people we'd rather not be filmed or shown on television we're supposed to live a quiet life and keep distant from worldly masses that's what we need if we're to keep our traditions we be glad not to be disturbed too much for. being with a living to shave. in the world with no yelling you'll be. able to...
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economy and i think the gentleman in nairobi mentioned something very important the young population they want greater you can i mean freedom to have a better economic future so that's why i said as i said earlier this is very critical time for lawanda this kind of political situation as well as on going economic development they have to find out really how to get through it with these ideals and i go to london i mean is rwanda just at the center of an asset grab actually known who are. not truly and i think you see they're exploring what is your name and it's been a concern is but its neighbor is. maybe there are things around i think what they're actually in against at the moment it's to do with transportation or links to the road that you asked to rely on all these neighbors to be able to transport things so that's why exports may need to kenya and uganda and tanzania and neighboring countries and of course you have to rely on these countries to bring imports in as well essentially the whole picture is that this is a country a poor country with very little to go around tried to mo
economy and i think the gentleman in nairobi mentioned something very important the young population they want greater you can i mean freedom to have a better economic future so that's why i said as i said earlier this is very critical time for lawanda this kind of political situation as well as on going economic development they have to find out really how to get through it with these ideals and i go to london i mean is rwanda just at the center of an asset grab actually known who are. not...
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different because i mean it's very vibrant and the gross rate is real since two thousand and ten the economy it's even more than seven percent g.d.p. growth rate per year yes the country's going to be very tough transition but we have to recognize that development pass rwanda has been mapping out in terms of promoting economic freedom it's not an easy process it's not going to be done overnight but the country has been moving tours to greater economic freedom again it's not an easy process but the country has been demonstrating its willingness to achieve economic development they needed michael is economic development for everyone is everyone treated the same in the country. i mean that is impossible in any country but in rwanda we can say that forty four point five percent of the country is to live in under the poverty line. and ninety percent of the country basically ninety percent of the labor force are basically unfun this striving you know from from the bare land. and the rich people in the country and we kind of guarantee that the development is actually being spread equally across. th
different because i mean it's very vibrant and the gross rate is real since two thousand and ten the economy it's even more than seven percent g.d.p. growth rate per year yes the country's going to be very tough transition but we have to recognize that development pass rwanda has been mapping out in terms of promoting economic freedom it's not an easy process it's not going to be done overnight but the country has been moving tours to greater economic freedom again it's not an easy process but...